Marin Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Marin’s monthly manufacturing costs and other expense data are as follows. Rent on factory equipment   $11,500 Insurance on factory building   1,600 Raw materials used (plastics, polystyrene, etc.)   84,000 Utility costs for factory   910 Supplies used for general office   340 Wages for assembly-line workers   62,900 Depreciation on office equipment   890 Miscellaneous

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Marin Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Marin’s monthly manufacturing costs and other expense data are as follows.

Rent on factory equipment   $11,500
Insurance on factory building   1,600
Raw materials used (plastics, polystyrene, etc.)   84,000
Utility costs for factory   910
Supplies used for general office   340
Wages for assembly-line workers   62,900
Depreciation on office equipment   890
Miscellaneous materials used (glue, thread, etc.)   1,400
Factory manager’s salary   6,200
Property taxes on factory building   430
Advertising for helmets   14,500
Sales commissions   10,720
Depreciation on factory building   1,660

Compute the cost to produce one helmet. (Round answer to 2 decimal places, e.g. 15.25.)

Production cost per helmet   $enter the production cost per helmet in dollars rounded to 2 decimal places 
 
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